Altisource Residential Corp (RESI) Declares Dividend of $0.55
Altisource Residential Corp (NASDAQ:RESI) declared a dividend on Friday, September 5th, Analyst Ratings Net reports. Shareholders of record on Monday, September 15th will be given a dividend of 0.55 per share on Tuesday, September 30th. The ex-dividend date of this dividend is Thursday, September 11th.
A number of analysts have recently weighed in on RESI shares. Analysts at Zacks upgraded shares of Altisource Residential Corp from an “underperform” rating to a “neutral” rating in a research note on Monday, August 25th. They now have a $24.60 price target on the stock. On the ratings front, analysts at Compass Point cut their price target on shares of Altisource Residential Corp from $38.00 to $36.00 in a research note on Tuesday, August 5th. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of Altisource Residential Corp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $32.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $32.27.
Altisource Residential Corp (NASDAQ:RESI) opened at 24.95 on Friday. Altisource Residential Corp has a 52 week low of $19.25 and a 52 week high of $35.05. The stock has a 50-day moving average of $24.65 and a 200-day moving average of $27.21. The company has a market cap of $1.426 billion and a price-to-earnings ratio of 7.73.
Altisource Residential Corp (NASDAQ:RESI) last announced its earnings results on Tuesday, July 22nd. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.53. The company had revenue of $116.04 million for the quarter, compared to the consensus estimate of $78.21 million. The company’s revenue for the quarter was up 1218.2% on a year-over-year basis. On average, analysts predict that Altisource Residential Corp will post $3.27 earnings per share for the current fiscal year.
Altisource Residential Corporation is a development-stage company engaged in the acquisition and ownership of single-family rental assets.
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